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Clare » June 11th, 2025
BREAKING: The State Department is preparing to order the departure of all nonessential personnel from the U.S. Embassy in Baghdad due to the potential for regional unrest, two U.S. officials said.
US prepares to order departure of all nonessential staff from Baghdad embassy, officials say
Associated Press: June 11, 2025
https://twitter.com/ap/status/193286…..45610?s=61
The Central Bank of Iraq announces the latest statistics on its foreign exchange reserves.
6/11/2025
The Central Bank of Iraq announced, on Wednesday, an increase in its foreign currency reserves during May 2025.
The bank stated in official statistics, reviewed by Shafaq News Agency, that “the Central Bank’s foreign reserves as of May 22 of this year amounted to $98.83 billion, equivalent to 128.479 trillion Iraqi dinars, an increase from May 1, when reserves amounted to $97.943 billion, or the equivalent of 127.326 trillion dinars.”
He added, “These reserves also increased from April, when they reached $98.089 billion, equivalent to 127.516 trillion dinars.”
The bank indicated that “reserves decreased from last year’s 2024 figure of $100.276 billion, or the equivalent of 130.347 trillion dinars, and are also lower than the 2023 figure of $111.736 billion, or the equivalent of 145.257 trillion dinars.” LINK
The Parliamentary Finance Committee expects the budget tables to reach Parliament soon and an extraordinary session to be held.
6/11/2025
Member of the Parliamentary Finance Committee, Representative Jamal Kojer, expects that the tables of the General Budget Law for the year (2025) will reach the House of Representatives soon.
In a press statement, Kocher indicated that “the arrival of the budget schedules is linked to the government’s completion of the official preparation process,” stressing “the parliament’s readiness to hold an extraordinary session as soon as the schedules are officially received, with the aim of discussing and approving them quickly.”
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He explained that “the Finance Committee does not expect the session to witness a lengthy or in-depth discussion regarding the new budget schedules, given that they will not witness any fundamental changes compared to last year’s budget, which was approved over three years without any significant amendments.
He pointed out that this reflects a clear trend in Parliament towards facilitating the procedures for approving the schedules with the aim of ensuring the rapid activation of financial spending and the continued implementation of projects and services during the remaining period of the year.”
Kocher also noted that even if there are some minor amendments to the draft budget, the prevailing trend is to pass the law as it was presented by the government, in order to preserve the stability of the financial and economic process and avoid any delays that could negatively impact government performance and citizens’ needs. LINK
Source: Dinar Recaps
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